Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...
Economy
Business
Arabian Plastic to list on Nomu
The company has won approval for an IPO of 1m shares.
- Shares to be listed represent 20 percent of the company’s share capital
- The Capital Market Authority’s approval shall be valid for six months from the authority’s board resolution date
Business
UAE Minister promotes trade, friendly ties during Florida visit
UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi concluded a two-day visit to Florida which...
- The UAE minister's trip to Florida builds on recent trips to the UAE by local Florida officials
- He attended several high level business development and networking events and meetings
Business
Invictus listed on ADX’s Growth Market
Invictus Investment specializes in agro-food commodities, raw materials.
- The company was established in Jebel Ali Free Zone in 2014 to manage raw material import requirements for large manufacturers in Sudan.
- The company also operates Invictus Trading FZE, a fully owned subsidiary whose activities include non-manufactured precious metals trading.
Geostrategy
Ocean-based climate solutions important, says UAE Minister
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that leveraging nature-based solutions, especially blue carbon...
- The UAE minister says leveraging nature-based solutions to mitigate and adapt to the impacts of climate change is vital
- She says important to explore ways to tackle marine pollution from land- and sea-based sources
Business
Qatar trade balance surplus surged 120 percent in May
The year-on-year increase in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons reaching...
- The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 45.3 billion.
- The imports of goods in May 2022 amounted to around QR 8.8 billion, showing an increase of 5.5 percent compared to May 2021.
Business
Etihad Air expected to fly 2.7m passengers over summer months: CEO
Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following...
- Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners.
- Guests would check in online, use the Verified to Fly service to submit any Covid-related documents for approval.
Geostrategy
UAE presents national report on spent nuclear fuel to IAEA
The United Arab Emirates has presented its Fourth National Report on spent nuclear fuel, radioactive waste management at the International...
- The national report describes the legislative and regulatory measures taken by the UAE to meet its obligations
- The report also addresses options in regards to spent fuel and radioactive waste management
Business
Schneider, ADH sign MoU
They will collaborate on a number of projects within Egypt and beyond.
- Utilizing and building EcoStruxure platforms will be the cornerstone of these collaborations, said a Schneider executive.
- He said these platforms are designed to enable the use of innovations like the Internet of Things.
Business
SAFEEN acquires two Supramax vessels
The firm says there is high demand for maritime services.
- Since being acquired, these ships have been deployed as part of a collaboration between SAFEEN Feeders and Saif Powertec Limited.
- SAFEEN Feeders provides feeder and dry bulk services linking Abu Dhabi to ports serving the UAE, the broader Gulf region, and the Indian Sub-Continent.
Oman, Egypt to find ways to establish Joint Investment Fund
In a joint statement, the two countries directed their respective competent authorities to discuss investment opportunities in various fields.
- In a joint statement, the two countries directed their respective competent authorities to discuss investment opportunities in various fields
- They also discussed investment opportunities in various fields, especially energy and renewable energy projects, industry, health and pharmaceutical industries
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Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...
Economy
Company News
Latest News
Continuous efforts to enhance UAE’s endeavor to confront money laundering crimes: CBUAE Governor
The apex bank "will continue to take all measures to ensure the maintenance of the integrity of the financial system...
Business
Riyadh summits bring in fresh hopes, opportunities as region sees China as ‘growth engine of global economy’
While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the...
Business
DEWA receives 29 EOIs for first phase of desalination project at Hassyan
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received 29 expressions of interest (EOIs) to implement the first...
Business
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Geostrategy
G20 Interfaith Forum to convene in Abu Dhabi
Abu Dhabi, UAE— The G20 Interfaith Forum (IF20), the world’s leading organisation focused on the intersection of faith and policy...
- The UAE is hosting the event as part of its ongoing initiatives to promote cultural interaction and global convergence
- The 2022 Forum in Abu Dhabi will serve as a bridge between the November G20 Summit in Indonesia and the launch of the 2023 G20 agenda, with India as 2023 host
Business
DEWA receives 29 EOIs to set up desalination project at Hassyan complex
The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant.
- The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant
- It has appointed a consortium of companies, including Deloitte, WSP and Addleshaw Goddard, to provide consultancy services for the project
Economy
Global government spending on clean energy transitions rises to $1.2 trillion
The increase brings total amount of investment support that governments have allocated to clean energy to $1. 215 billion.
- The increase brings total amount of investment support that governments have allocated to clean energy to $1. 215 billion
- Advanced economies account for nearly 95 percent of the clean energy investment support that has been allocated worldwide